Schlumberger

Americas

Baker Hughes to write down $15 billion, cut spending

14/04/2020

Houston oilfield service company Baker Hughes plans to write down the value of its assets by $15 billion and cut capital spending by more than 20% from 2019 levels as market conditions worsen for the oil and gas industry.

Oil & Gas

Schlumberger posts $10.1 billion loss in 2019

17/01/2020

Schlumberger, the largest oil-field service company in the world, lost $10.1 billion in 2019 as a result of hefty write-downs on two past acquisitions and weakening demand for hydraulic fracturing services in the United States and Canada.

Americas

Oxy shores up board with former Schlumberger CEO

03/01/2020

Occidental Petroleum added to its board of directors Thursday with the appointment of a former chief executive of Schlumberger as Oxy aims to instill more confidence with shareholders after risking its future to buy Anadarko Petroleum for $38 billion last year.